Texas Permanent School Fund Corp Lowers Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Texas Permanent School Fund Corp lowered its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 28.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,316 shares of the business services provider’s stock after selling 2,457 shares during the quarter. Texas Permanent School Fund Corp’s holdings in FactSet Research Systems were worth $2,579,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in FactSet Research Systems during the fourth quarter worth $47,977,000. PineStone Asset Management Inc. grew its holdings in FactSet Research Systems by 53.3% in the second quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock worth $111,447,000 after purchasing an additional 94,952 shares during the last quarter. Norden Group LLC grew its stake in FactSet Research Systems by 1,844.5% during the 1st quarter. Norden Group LLC now owns 45,696 shares of the business services provider’s stock worth $20,761,000 after buying an additional 43,346 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of FactSet Research Systems by 198.2% during the first quarter. BNP Paribas Financial Markets now owns 51,391 shares of the business services provider’s stock worth $23,352,000 after acquiring an additional 34,156 shares during the last quarter. Finally, Tandem Investment Advisors Inc. boosted its stake in FactSet Research Systems by 13.0% in the 1st quarter. Tandem Investment Advisors Inc. now owns 246,543 shares of the business services provider’s stock worth $112,027,000 after purchasing an additional 28,391 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FDS shares. Royal Bank of Canada restated a “sector perform” rating and set a $464.00 target price on shares of FactSet Research Systems in a research report on Monday, June 24th. Bank of America lowered FactSet Research Systems from a “neutral” rating to an “underperform” rating and cut their price target for the company from $500.00 to $407.00 in a research note on Thursday, May 30th. Jefferies Financial Group decreased their target price on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research report on Wednesday, June 5th. Wells Fargo & Company raised shares of FactSet Research Systems to a “hold” rating in a research note on Tuesday, August 13th. Finally, Morgan Stanley raised their target price on FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research report on Monday, June 24th. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus price target of $432.27.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, Director Robin Ann Abrams sold 2,375 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total transaction of $999,186.25. Following the sale, the director now directly owns 9,193 shares in the company, valued at approximately $3,867,587.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Robin Ann Abrams sold 2,375 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $420.71, for a total value of $999,186.25. Following the completion of the transaction, the director now directly owns 9,193 shares of the company’s stock, valued at approximately $3,867,587.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Katherine M. Stepp sold 1,057 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $428.42, for a total transaction of $452,839.94. Following the transaction, the chief technology officer now owns 687 shares of the company’s stock, valued at $294,324.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,432 shares of company stock worth $5,166,986. 1.00% of the stock is owned by company insiders.

FactSet Research Systems Price Performance

Shares of NYSE FDS opened at $453.98 on Tuesday. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $488.64. The company has a market cap of $17.27 billion, a price-to-earnings ratio of 34.24, a price-to-earnings-growth ratio of 2.64 and a beta of 0.75. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79. The stock’s 50-day moving average is $418.42 and its two-hundred day moving average is $428.25.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Friday, June 21st. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.91 by $0.46. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The company had revenue of $552.70 million during the quarter, compared to the consensus estimate of $552.71 million. During the same period in the previous year, the business earned $3.79 EPS. FactSet Research Systems’s revenue for the quarter was up 4.3% on a year-over-year basis. Analysts forecast that FactSet Research Systems Inc. will post 16.28 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Friday, August 30th will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Friday, August 30th. FactSet Research Systems’s dividend payout ratio is currently 31.37%.

About FactSet Research Systems

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.